According to Time Magazine, in an interview with Thomas Hoenig, president of the Federal Reserve Bank of Kansas, “Global Food prices have risen 25% this last year and many nations are starting to hoard commodities” (corn, wheat, rice etc.). Whatever the reasons for this, and I don’t understand many of them, this trend is not going to get better. One of these reason alone will sky rocket food prices in the next 10-20 years and that is described in “ Peak Oil” graphs. In very over-simplified terms, “peak Oil” means that world-wide we have reached our highest production level of oil and that from here on the availability of oil will decrease rapidly and consequently the price of oil will increase sharply. By 2030 we will have as much oil available as we had in 1970 with double the demand. Increased oil prices have already caused us to look […]